Worried about the grave economic implication of Nigeria’s suspension from the EGMONT group, the Senate has taken steps to avert expulsion as it vows to seperate NFIU from EFCC which is the mandatory requirement by EGMONT Group.
The July 2-7 meeting in China where the decision to suspend Nigeria was taken
This comes as the Senate indicted the Executive for Nigeria’s expulsion from the global body for failing to take action to make the Nigeria Financial Intelligence Unit (NFIU) autonomous.
Specifically, the legislative body expressed concern that if Nigeria’s expulsion from the global financial intelligence group comes into effect in January 2018, this will send a signal to the international community that the country is not safe for investment, as it has failed to comply with international convention and rules regarding the fight against corruption.
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Senate to pass a bill granting autonomy to NFIU following Nigeria’s suspension from EGMONT Group
The July 2-7 meeting in China where the decision to suspend Nigeria was taken
This comes as the Senate indicted the Executive for Nigeria’s expulsion from the global body for failing to take action to make the Nigeria Financial Intelligence Unit (NFIU) autonomous.
Specifically, the legislative body expressed concern that if Nigeria’s expulsion from the global financial intelligence group comes into effect in January 2018, this will send a signal to the international community that the country is not safe for investment, as it has failed to comply with international convention and rules regarding the fight against corruption.
READ MORE
Senate to pass a bill granting autonomy to NFIU following Nigeria’s suspension from EGMONT Group
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